WW - WW International prices $500M senior secured notes due 2029

WW International (WW) prices $500M in aggregate principal amount of its 4.500% senior secured notes due 2029Sale is expected to close on April 13, 2021. The notes will be the senior secured obligations and will initially be guaranteed by the company’s subsidiaries that will also guarantee its proposed new senior secured credit facilities.Net proceeds together with $1,000M of expected new term loan facility borrowings from the proposed new $1,175M senior secured credit facilities and cash on hand to repay existing credit facilities, redeem all of the $300M aggregate principal amount outstanding 8.625% senior notes due 2025, and general corporate purposes.

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WW International prices $500M senior secured notes due 2029